BTCUSDT | The best scenario for moving this week🔥
Hello traders, Bitcoin in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 3 day timeframe.
In counting, the main waves 1, 2 and 3 are labeled and we are now inside wave 4.
Wave 4, according to the main wave 2, will be a wave that will have a moderate correction both in terms of price and time.
The structure of the main wave 2 was zigzag , a zigzag that is not normal, so it is far from expected that wave 4 is also zigzag .
In the previous analysis, we thought the first zigzag would end in wave 4, and the x-wave would consist of a double zigzag or wave b of a flat.
But this was not the case and the descent went beyond the previous floor. We considered this descent to be part of wave c of the first zigzag of wave 4, and now the trend is in the support range of around 40 ,000 and we will expect the formation of wave x, which is up to 0.618 Fibonacci. Will move, and if it moves beyond, it seems more likely to form a flat pattern for wave 4.
It should also be said that if the support range of 40 ,000 is broken, the movement up to Fibo 0.50 and the price of 36,500 will continue, and it can be said that the ascent will take place at the bottom of the Orange Channel, and this ascent is definitely for wave b of the flat.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
In counting, the main waves 1, 2 and 3 are labeled and we are now inside wave 4.
Wave 4, according to the main wave 2, will be a wave that will have a moderate correction both in terms of price and time.
The structure of the main wave 2 was zigzag , a zigzag that is not normal, so it is far from expected that wave 4 is also zigzag .
In the previous analysis, we thought the first zigzag would end in wave 4, and the x-wave would consist of a double zigzag or wave b of a flat.
But this was not the case and the descent went beyond the previous floor. We considered this descent to be part of wave c of the first zigzag of wave 4, and now the trend is in the support range of around 40 ,000 and we will expect the formation of wave x, which is up to 0.618 Fibonacci. Will move, and if it moves beyond, it seems more likely to form a flat pattern for wave 4.
It should also be said that if the support range of 40 ,000 is broken, the movement up to Fibo 0.50 and the price of 36,500 will continue, and it can be said that the ascent will take place at the bottom of the Orange Channel, and this ascent is definitely for wave b of the flat.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️